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U.S. CFTC orders BNP Paribas to pay $90 million penalty for rate-rigging

August 29, 2018 by  
Filed under News

U.S. federal regulators on Wednesday ordered BNP Paribas to pay a $90 million civil penalty after settling charges against BNP Paribas Securities Corp [BNPPSS.UL] for attempted manipulation of the ISDAfix benchmark.


Source: Reuters Business News

Mexico-U.S. accords include Mexican auto export cap: sources

August 29, 2018 by  
Filed under News

The agreements struck between the United States and Mexico on trade would allow President Donald Trump to impose punitive “national security” tariffs of up to 25 percent on imports of Mexican-made cars, sport utility vehicles and auto parts above certain volumes, auto executives and other sources said.


Source: Reuters Business News

World stock index at five-and-a-half-month high as tech rallies, trade fears wane

August 29, 2018 by  
Filed under News

A major global stock index jumped to 5-1/2-month highs on Wednesday as optimism on the potential for U.S. trade deals cleared the path for technology stocks to resume their leadership mantle.


Source: Reuters Business News

Canada says NAFTA agreement possible by Friday, but hard work ahead

August 29, 2018 by  
Filed under News

Canada said an agreement to salvage the trilateral North American Free Trade Agreement (NAFTA) is possible by a Friday deadline, but it will be hard work to resolve specific issues as talks with the United States entered a second day.


Source: Reuters Business News

Sinclair files countersuit against Tribune

August 29, 2018 by  
Filed under News

Sinclair Broadcast Group Inc said on Wednesday it has filed a counterclaim in a Delaware court to Tribune Media Co’s lawsuit filed in early August against the company claiming a breach of contract.


Source: Reuters Business News

Barnes & Noble is sued by ex-CEO over termination

August 28, 2018 by  
Filed under News

The former Barnes & Noble Inc chief executive who was fired last month for alleged policy violations sued the bookseller for breach of contract and defamation in connection with his sudden termination after just 14 months on the job.


Source: Reuters Business News

Canada rejoins talks to stay in NAFTA, deal possible this week

August 28, 2018 by  
Filed under News

Canada’s top trade negotiator joins her Mexican and U.S. counterparts in Washington on Tuesday in a bid to remain part of a revamped trilateral North American trade pact, as U.S. officials expressed optimism a deal could be reached this week.


Source: Reuters Business News

Senior U.S. Democrats question Trump's U.S.-Mexico trade deal

August 28, 2018 by  
Filed under News

Senior Democrats in the U.S. Congress on Tuesday questioned President Donald Trump’s bilateral trade deal with Mexico, with Senator Chuck Schumer saying there were “serious legal concerns” about the deal getting “fast-track” Senate consideration.


Source: Reuters Business News

Canada's Trudeau says he will defend dairy farmer protections in NAFTA

August 28, 2018 by  
Filed under News

Canadian Prime Minister Justin Trudeau said on Tuesday his position on the supply management system that protects Canada’s dairy farmers has not changed and he will defend it as Canada works to renew the NAFTA trade deal with the United States and Mexico.


Source: Reuters Business News

Wall Street edges up as Canada takes trade spotlight

August 28, 2018 by  
Filed under News

The S&P 500 and the Nasdaq edged up to record highs for the third consecutive session on waning trade jitters that have vexed the markets for much of the year.


Source: Reuters Business News

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